Business Savings
BUSINESS SAVINGS ACCOUNTS

 

Community Resource Federal Credit Union wants to be a partner in your financial success. That is why we offer a variety of deposit accounts to meet the needs of your growing business.

Business Membership/Savings Account
The first step to establishing your business account is to open a Business Membership/Savings Account with at least $5. The account earns a competitive rate of interest on balances of $100 or more. It also earns interest in tiers, with better rates for higher account balances. Click here to apply for Business Savings/Membership Account.

Business Money Market Accounts
The minimum to open the account and earn interest is $2,500. You may make up to six withdrawals per month, three of which can be made by writing a check.

Business Share Certificates
The minimum to open an earn interest is $500. Choose from terms of six month to five years.

SEP IRAs
Simplified Employee Pension Individual Retirement Accounts (SEP IRA) are adopted by business owners to provide retirement benefits for the business owners and their employees. There are no significant administration costs for self-employed person with no employees. If the self-employed person does have employees, all employees must receive the same benefits under a SEP plan. Since SEP accounts are treated as IRAs, funds can be invested the same way as any other IRA. You can open an IRA savings account or an IRA share certificate.

Call (518) 783-2211 or 1-888-783-2211 for more information.